Features

·     This loan is designed for the salaried. It is meant for use to acquire an asset or meet some personal needs.

·     Loan amount from N40,000 to N2,000,000

.     Loan duration from 2 months – 12months

.     No guarantor, No collateral for Salary account holders with employer’s direct deduction mandate to Xslnce MFB

.     Less than 24hours processing time 

.     Flexible monthly repayment

.    Ability to repay and the 1/3 rule on the employee’s pay slip must apply 

.    Introduction letter from employer 

.    Evidence of 3 – 6months salary remittance 

.    Pay slips for the last 3 – 6 months 

.    Must be account holder

.    Flat monthly interest rate from 6%

• Original and photocopy of valid ID
• 2 Passports Photographs
• Completed account opening forms
• Registration certificates for businesses, registred groups and associations
• Marriage certificates for married joint
• Copy of utility bill
• Two references